Tenant / Buyer Information:
The client have been looking for their dream home for a couple of months now and found the home they love. They currently live in Whitby and the home they’ve located is in Oshawa. They have a dog and no kids, down to earth couple and are tired of renting.
One works as a CNC Operator and makes an annual income of $42,000 and found employment earlier this summer.
One is a independent consultant and has an annual income of $70,000.
The client have a down payment of $8,000 to put down along with first and last month’s rent.
Rent will be $1925 with $200 in credits each month.
They have agreed to the following buy out prices:
Year 1 Buyout Price = $289,120
Year 2 Buyout Price = $300,685
Year 3 Buyout Price = $312,712